Mankato, Minnesota is a mid-sized city located in the southern part of the state, approximately 80 miles southwest of Minneapolis. The city has a population of around 44,000 and is home to Minnesota State University and Bethany Lutheran College. The city’s economy is based largely on education and healthcare, with several major employers located in the city.
The rental market in Mankato is diverse and competitive. As of 2021, the average rent for a one-bedroom apartment in Mankato is $815, while a two-bedroom rents for an average of $955. The city also has a variety of rentals available, from single family homes and townhomes to multi-family apartments and condos.
Mankato has several great neighborhoods that are popular with renters. The Northridge neighborhood, for example, is one of the most sought-after areas in the city. It is close to the university and downtown, and offers plenty of shopping and dining options. The neighborhood is also home to several parks, including Sibley Park, which features a large playground, walking paths, and a dog park.
The Eastwood neighborhood is another popular choice for renters. It is close to the university, and offers plenty
The average rental prices in Mankato, MN, as of May 2021, are as follows:
Apartment: $944
Townhouse: $1,210
Condo: $1,297
Loft: $1,021
Single Family Home: $1,076
In Mankato, MN, rental prices have increased over the past five years. According to Zillow, the median rent price in Mankato in March 2016 was $865 and by March 2021 it had increased to $1,260. This represents an increase of 44.9% over the past five years.
According to Rent Jungle, the median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Mankato, MN are $835, $1,015, and $1,286, respectively.
Mankato, Minnesota, is served by two public school districts: Mankato Area Public Schools and North Mankato Public Schools. Both of these school districts are highly rated and have strong academic performance. According to the National Center for Education Statistics, Mankato Area Public Schools has an overall graduation rate of 92.2%, which is significantly higher than the national average of 80.4%. Additionally, the Mankato Area Public Schools has a student-teacher ratio of 17 to 1, which is lower than the national average of 16 to 1. North Mankato Public Schools has an overall graduation rate of 94.6%, which is significantly higher than the national average. Additionally, North Mankato Public Schools has a student-teacher ratio of 15 to 1, which is lower than the national average.
Overall, school districts in Mankato, MN compare favorably to the rest of the United States. They have higher graduation rates and lower student-teacher ratios than the national average, indicating that their students are receiving a high-quality education.
1. North Mankato
2. South Central Mankato
3. Riverfront
4. Skyline
5. Madison East
1. North Mankato
2. South Mankato
3. Riverfront
4. Oak Hills
5. Eastridge